Bitcoin: Bridging the political divide

When it comes to politics, the world seems to be getting more and more polarized. Looking at the USA as an example, you can see that in pretty much any national election, the USA now has clear “blue” and “red” states, in a manner that would have been simply unimaginable even just back in 1984 when the electoral college saw Ronald Reagan win by 525 votes to 13.

Looking at the state of US politics, and in particular 2016 with the Presidential election race between Hillary Clinton and Donald Trump, it is hard to imagine the country being quite as unanimous in its opinion of the different candidates, with the thought of “blue” states like California backing Republican candidates like Donald Trump seemingly impossible under any circumstance.

What does seem to unite people of red and blue states, though, is the fact that many of them are the owners of Bitcoin.

Links in common

While this mainstream political polarization seems to be an unstoppable force, a few links between different factions that would normally be as far opposed to each other as you can imagine have started to emerge, with these links managing to draw support from both left and right wing groups for very different reasons. One such area that has seen opposing sides united is Bitcoin, which so far seems to have bridged the political divide.

With many politicians now accepting political donations via Bitcoin, and politicians in Japan having decided that Bitcoin should be viewed as legal tender, a currency that was designed and created to be free from central bank and government control is finally starting to be grappled by the beast that it sought to avoid in the first place.

This sort of thing brings out strong opinions from both sides of the political divide, as we saw in a similar vein with the US government undermining net neutrality rules, which saw the campaign against this receiving support from those from a range of opposing political ideologies.

For the people, bought by the people

One of the biggest reasons why politicians may feel disinclined to want to interfere in the running of Bitcoin is the fact that so many ordinary people buy and sell (and now even use it to buy holidays and similar products through major sites like Expedia) the world’s leading cryptocurrency.

This ownership by ordinary people shows why those on the left as well as the right are prepared to want to see Bitcoin remain open for people to invest in, especially as it is now able to be bought and sold using ever more secure means like PayPal as a way of ensuring ordinary investors are confident they won’t end up out of pocket when buying the cryptocurrency.

Perhaps what is most interesting when it comes to Bitcoin is that those who are on the right of politics, like Rand Paul, are likely to see any government interference as simply unnecessary, while those on the left wouldn’t want to see the people-power potential of the currency be diminished by government interference that helps empower the richest, with bankers able to control the currency rather than ordinary investors.

Whichever way this trend continues to unfold, it’s likely to be fascinating for those with an interest in cryptocurrency, so watch this space for further updates!